IT governance and strategy market seen reaching $62.14 billion by 2030

The global market for information technology governance and strategy is projected to grow from $50.15 billion in 2026 to $62.14 billion by 2030, as businesses push harder to align IT spending with business goals. The Business Research Company says digital transformation, hybrid IT and tighter compliance demands are driving the expansion.

Why it matters: - Companies are spending more on IT governance and strategy as digital systems grow more complex and boards demand clearer links between technology investments and business results. - The market is forecast to keep expanding through 2030, signaling sustained demand for tools and frameworks that improve accountability, risk management and IT performance.

What happened: - The Business Research Company released a report on the information technology governance and strategy market covering 2026 to 2035. - The market is projected to rise from $47.64 billion in 2025 to $50.15 billion in 2026. - The report forecasts the market will reach $62.14 billion by 2030. - The forecast implies a 5.5% CAGR through 2030, after 5.3% growth in the earlier period.

The details: - IT governance and strategy is the framework organizations use to align IT resources and systems with business objectives. - The discipline covers policy setting, decision-making roles and accountability. - The report says the historical growth was driven by more complex enterprise IT systems, stricter regulatory compliance, expanding global IT infrastructure, cybersecurity threats and pressure for cost-effective operations. - Future growth is expected to come from wider adoption of hybrid IT environments, a stronger focus on value from IT investments, digital governance frameworks, digital transformation among SMEs and evolving enterprise risk management approaches. - Key forecast-period trends include tighter alignment between business and IT goals, more demand for governance frameworks, stronger attention to regulatory compliance and audit readiness, broader use of IT portfolio optimization and greater reliance on performance metrics and KPIs. - The report says digital transformation remains a major growth driver because companies are expanding cloud migrations and edge computing workloads. - Eurostat reported in August 2024 that 59% of EU enterprises had reached at least a basic level of digital intensity in 2023. - Eurostat said 58% of EU SMEs and 91% of large enterprises met that threshold. - Eurostat projects that by 2030, more than 90% of EU SMEs will reach at least basic digital intensity. - North America held the largest market share in 2025. - Asia-Pacific is expected to post the fastest growth during the forecast period. - The regional analysis also covers South East Asia, Western Europe, Eastern Europe, South America, the Middle East and Africa. - The report adds market attractiveness scoring, TAM analysis, company scoring matrix graphics and tables, Excel-based forecasting dashboards, market hotspots infographics, key technology and future trend analysis, and updated graphics and tables. - The company also offered a free sample and the full report through its website links.

Between the lines: - The forecast suggests IT governance is moving from a back-office control function to a core business planning tool. - Stronger compliance and audit demands point to continued pressure on companies to formalize decision-making around technology spending. - The emphasis on KPIs and portfolio optimization shows buyers want evidence that IT programs are creating measurable value, not just adding more controls.

What's next: - Enterprises are likely to increase spending on governance frameworks, analytics and portfolio management tools as hybrid IT environments become more common. - SMEs in Europe and other regions should add momentum to demand if digital adoption keeps rising toward 2030. - The next phase of market growth will likely track how quickly organizations turn digital transformation into measurable business outcomes.

The bottom line: - IT governance and strategy is becoming a growth market because companies need better control, clearer accountability and stronger returns from technology spending.